The American Fiscal Constitution

Fiscal Stringency and Fiscal Sustainability in the American States: Panel Evidence Fiscal Stringency and Fiscal Sustainability in the American States: Panel Evidence

Unlike the federal government, most state governments in the U.S. formally operate under statutory or constitutional constraints which limit their ability to run budget deficits and resort to debt financing. A priori, one would expect to find evidence in favor of an intertemporally balanced budget, or fiscal sustainability, among states, especially those that are characterized by a high degree ...

Of Icebergs and Glaciers: The Submerged Constitution of American Healthcare

The United States is presently in the midst of a fractious and polyphonic debate about the future shape of its healthcare finance and delivery system. Spurred in significant part by the controversial passage of a major federal health insurance statute two years ago, this debate implicates foundational questions of government authority and constitutional limitation that have transcended the trad...

Fiscal stringency and fiscal sustainability: Panel evidence from the American state and local governments

Most state (and local) governments in the U.S. operate under formal fiscal rules which limit their ability to run budget deficits and resort to debt financing. A priori, one would expect to find evidence in favor of an intertemporally balanced budget, or fiscal sustainability, for these states, especially those characterized by a relatively high degree of fiscal stringency. We test this hypothe...

American association of physical anthropologists constitution and By-laws

Fiscal Policy in American Presidential Elections: A Simulation

In this paper a simulation technique borrowed from civil engineering is applied to American presidential elections to explore the key relationship between federal spending and incumbent reelection, represented by the fiscal model. On the one hand, as Machiavelli would have understood, an expansionary fiscal policy militates against incumbent reelection but a cutback policy facilitates it. That ...